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3 years ago

Which type of science is economics?

Business

2 answers:

frutty [35]3 years ago

6 0

Answer:

B. SOCIAL SCIENCE

Explanation:

Economics is regarded as social science because it uses scientific methods to build theories that can help to explain the behaviour of individual, groups and organisations.

hope it helped you....

tensa zangetsu [6.8K]3 years ago

5 0

I think it’s C. Life science

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3 years ago

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On September 1, a company established a petty cash fund of $230. On September 10, the petty cash fund was replenished when there

storchak [24]

Answer:

September 1, petty cash fund is established

Dr Petty cash fund 230

Cr Cash 230

September 10, petty cash expenses

Dr Supplies expense 53

Dr Postage expense 80

Dr Cash short and over 16

Cr Petty cash fund 149

September 10, petty cash is replenished

Dr Petty cash fund 149

Cr Cash 149

September 15, petty cash fund in increased

Dr Petty cash fund 90

Cr Cash 90

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3 years ago

Eric and Chris run a non-regulated natural monopoly producing electricity for a small town. The barrier most likely preventing o

alexdok [17]

Answer:

increasing returns to scale

Explanation:

The biggest barrier for other firms are increasing returns to scale. This is because Eric and Chris have their company already established and also have their clientele all hooked up and using their service. This allows them to produce a much higher electrical output for their clients with a certain Income. Newer companies will need a much higher income just to be able to produce a similar electrical output in order to try and compete with Eric and Chris.

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3 years ago

Riggs Company purchases sails and produces sailboats. It currently produces 1,300 sailboats per year, operating at normal capaci

mr_godi [17]

Answer:

The president of Riggs has missed something.

She should make the Sail instead of buying because its cheaper to manufacture than purchasing it outside.

Explanation:

<u>Cost of Manufacturing the Sails:</u>

Direct materials $93

Direct Labor $83

Total $173

The president of Riggs has included the $90 overhead based on $78,000 of annual fixed overhead that is allocated using normal capacity in the cost of manufacturing the sail which is incorrect.

Riggs Company is operating at 80 % of full capacity, hence utelizing the 20% excess capacity would not expand its fixed costs.

Thus said the current fixed cost are irrelevent for this decison and would be incurred whether or not Riggs Company utilizes the excess capacity

<u>Conclusion:</u>

The cost of making the sail is $173 which is lower than the cost of buying them at $ 258.

I would advise The president of Riggs to make the sail by utilizing the excess capacity since its cheaper than purchasing it outside.

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3 years ago

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A woman bought a home. The asking price for the home was $585,000; the woman offered $565,000 and the seller accepted. The appra

omeli [17]

Answer:

The multiple choices are as follows:

A: 82%

B: 83%

C: 84%

D: 85%

The correct option is C,84%

Explanation:

Loan-to-Value ratio(LTV)=loan amount/appraised value of the property

the price paid for the property was $565,000,out of which the buyer paid $94,600 from her pockets and borrowed the remainder,the remainder that was borrowed is computed thus:

amount borrowed=sales value-cash

=$565,000-$94,600=$470,400

The appraised value of the property is $560,000

LTV=$470,400/$560,000=0.84

The property loan to value ratio is 84%

7 0

3 years ago